Core Viewpoint - The company is actively developing its new energy business, focusing on the photovoltaic and lithium battery sectors, and aims to establish a comprehensive industrial chain development system [1] Group 1: Business Performance - The company's new energy business revenue reached 8.5 billion yuan in the first three quarters of 2025 [1] - In the photovoltaic sector, the business covers 20 provinces including Jiangsu, Shandong, and Guangdong [1] - In the lithium battery sector, the monthly trading volume of lithium carbonate reached 8,000 tons, positioning the company among the industry leaders [1] Group 2: Strategic Initiatives - The company is promoting its "two-wheeled battery swap" business, which has been implemented in 31 cities across the country [1] - The number of service points for the battery swap business has exceeded 1,000 [1]